Business Week Index
THE WEEK AHEAD
Monday, Sept. 29, 8:30 a.m.EDT -- Personal income is expected to have risen
0.5% in August, based on the median forecast of economists surveyed by MMS
International, a unit of The McGraw-Hill Companies, after edging up 0.1% in
July. Consumer spending on goods and services is projected to have continued
its third-quarter rebound, climbing 0.4% in August, after rising 0.8% in July.
NEW HOME SALES
Tuesday, Sept. 30, 10 a.m.EDT -- The MMS survey projects sales of new
single-family homes in August to have declined to an annual rate of 800,000,
from 817,000 in July.
Tuesday, Sept. 30, 10 a.m.EDT -- The MMS poll expects the Conference Board's
index of consumer confidence in September to hold about steady with August's
high reading of 129.1. The August reading was only a shade below the 29-year
high of 129.9, hit in June. Improving employment conditions are keeping the
Wednesday, Oct. 1, 10 a.m.EDT -- The Conference Board's composite index of 10
leading indicators for August is projected to have increased for the fourth
consecutive month, rising 0.1%, based on the MMS survey. The index rose 0.3% in
PURCHASING MANAGERS' INDEX
Wednesday, Oct. 1, 10 a.m.EDT -- The National Association of Purchasing
Management's index for September is expected to have dipped to 56.4%, according
to the MMS poll, from 56.8% in August.
Friday, Oct. 3, 8:30 a.m.EDT -- The September job data are expected to show a
300,000 increase in payrolls, says the MMS poll, up from August's 49,000 rise.
August payrolls were depressed by the strike at United Parcel Service Inc., and
the September total will be inflated by the workers' return. The jobless rate
is expected to have held steady at the August rate of 4.9%.